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David Finch: Chinese Investors Influencing the Gold Action and News from the Producers

David Finch: Chinese Investors Influencing the Gold Action and News from the Producers

FromMining Stock Daily


David Finch: Chinese Investors Influencing the Gold Action and News from the Producers

FromMining Stock Daily

ratings:
Length:
23 minutes
Released:
Mar 12, 2024
Format:
Podcast episode

Description

n this conversation, David Finch provides market commentary on gold and its relationship with equities. He discusses the factors driving the gold price, including central bank buying and individual buying in China. He also explains the impact of synchronized buying and short covering on the gold price. Finch highlights the challenges faced by large gold producers with complex operations and suggests that simpler operations produce better and more visible cash flows. He discusses Calibre Mining's efforts to decrease jurisdictional risk and their inclusion in the GDX. Finch also comments on Rupert Resources' bid for B2 Gold's interest in Orion Resources and AngloGold Ashanti's resource update in Nevada. Overall, he notes that there is still some pessimism in the gold market despite recent rallies.
Released:
Mar 12, 2024
Format:
Podcast episode

Titles in the series (100)

Mining Stock Daily is a brief overview of finance and resource exploration news from the world's mining and metals sector. Mining Stock Daily is a quick overview of the day's most important sector information for both precious and base metals, including market trends and analysis.